Australian (ASX) Stock Market Forum

RHG - RHG Limited

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Re: RHG - Rams Home Loans

Has their address got anything to do with its current share price? Note the level...:rolleyes:

Ground Floor , 44 Bay Street , ULTIMO , NSW, AUSTRALIA, 2007

I am suprised at the drop, it is very frightening to say the least
 
Re: RHG - Rams Home Loans

rogue_investor said:
Branson also talking of dragging Northern Rock out of their pickle. I'm a buyer of RHG on the back of this news. If they get decent finance some value should get back into them.
Click to expand...

lol somehow i managed to convert a guy into buying
weee.. now for 365 million others not to sell at current prices
 
Re: RHG - Rams Home Loans

It's getting to a level where I can feel I can take a punt :D
Maybe jump in and out by Nov 6 for Melbourne cup :)
 
Re: RHG - Rams Home Loans

ROE said:
It's getting to a level where I can feel I can take a punt :D
Maybe jump in and out by Nov 6 for Melbourne cup :)
Click to expand...

My thoughts as well ROE ;)

Had my punt this morning and bought 2000 at 32 cents, risk is $640.

wish me luck :D
 
Re: RHG - Rams Home Loans

I took a punt at 38c on RHG..... wish I'd shown a little more patience....

Here's to hoping someone offers Rams a bigger offer than Westpac (come on bank of queensland or the likes)...
 
Re: RHG - Rams Home Loans

Pager said:
My thoughts as well ROE ;)

Had my punt this morning and bought 2000 at 32 cents, risk is $640.

wish me luck :D
Click to expand...

Sh*t I bought exact same parcel :) just 10 times bigger
this must be the omen :D
Where is HSBC and NAB and other mob? dont let Westpac take the bargain prize

I will be voting against Westpac :) if I still hold by then
 
Re: RHG - Rams Home Loans

DoH! down another 11% haha I came in too early ...
this is a punishing year for me ...a good start since August and nothing but punishment since September :D
I'm betting on SSM to take me out of this dead wood :)
 
Re: RHG - Rams Home Loans

ROE said:
DoH! down another 11% haha I came in too early ...
this is a punishing year for me ...a good start since August and nothing but punishment since September :D
I'm betting on SSM to take me out of this dead wood :)
Click to expand...

ROE,

May I suggest some charting to assist with your trading. As this sucker, cdr, bdg to name a few are all still trending down in most timeframes.

SevenFX
 
Re: RHG - Rams Home Loans

Have fate .....it's always darkest before dawn :)
or it's always darkest before pitch black :D

.. I think RAMS is safe at 35 cents down unless they go belly up..

Their business model is flaw in that they borrow short term debt to fund long term .. but there is nothing stopping them from borrow long and lend it long..and that what I'm buying for and it may cost them a little more
even at making 5 cents a share instead of 15 cents in the prospectus
it's still a nice 15% dividend on 32 cents purchase.

Based on those facts I prepare to wear the risk.
 
Re: RHG - Rams Home Loans

It's going to take some real news to get this one moving... bit of buying this morning but that didn't last long... I still think something is around the corner.. Fed rate cut perhaps?
 
Re: RHG - Rams Home Loans

Big shift in RAMS depth, volume just picked up, now up 20% today. Anyone know if any news is iminent?
 
Re: RHG - Rams Home Loans

roland said:
Big shift in RAMS depth, volume just picked up, now up 20% today. Anyone know if any news is iminent?
Click to expand...

You beat me to posting by a few seconds roland.

I think 27c last night was rock bottom, hence the bounce and the change in sentiment, maybe even a gap up
in the morning, but early days yet 4 me.

ROE will be happy wherever he is...?????

SevenFX
 
Re: RHG - Rams Home Loans

Well, got my eyes glued to the screen and gotta look after my huge $1,200 investment. If I pull now I may cover the brokerage
 
Re: RHG - Rams Home Loans

There is certainly no shortage of sellers, but the buyers are pushing it along - may even get to .34 with any luck
 
Re: RHG - Rams Home Loans

Wow quite a volume today. With this speed the entire ownership base changes within about 2 weeks :)

I guess at this point any remotely relevant half decent news is a good news for RHG stock which, at the sub 30c levels / share, seem to be valued quite irrationally indeed. If one considers only the initial WPC offer of $140mil (for the setup franchises and "future business" only) than from my counts we arrive at value of around 40c/share. And that is for only a part of RHG, not the whole shebang :)

Now how much would anyone value 14.5bn of OZ home loans? Your guess is as good as mine but by any measurements if a financial institution can't achieve at least 0.5% return on capital it needs to be placed into the "worse than average financial services business" category.
 
Re: RHG - Rams Home Loans

...at the sub 30c levels / share, seem to be valued quite irrationally indeed. If one considers only the initial WPC offer of $140mil (for the setup franchises and "future business" only) than from my counts we arrive at value of around 40c/share. And that is for only a part of RHG, not the whole shebang...
Click to expand...

Don't forget it might still need that 140 million to cover liabilities elsewhere. The question remains: can anybody still place a valuation on RHG's balance sheet?
 

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